Agriculture receives more than $650 billion per year in public support in around 90 countries - consisting of market price measures and public expenditures. Many agriculture support programs can deliver real public benefits – such as feeding a growing population at lower food prices, reducing transactions costs for farmers and incentivizing the adoption of climate smart practices. Yet, much of today’s support still encourages inefficient use of resources, distorts markets, and contributes to environmental damage, climate pressures, and poor nutrition outcomes. For every dollar spent on agricultural subsidies, the world sees only 35 cents of added output. Policy-makers must decide how to redirect this financing to speed up agriculture and food system transformation:
- Ensuring food and nutrition security for the world’s growing population,
- Protecting natural resources by growing more food with less land, water, and inputs,
- Supporting livelihoods by generating income and better jobs for farmers and agrifood system workers.
Reforms can maximize the impact of agricultural support and help reduce budget deficits. Our recent estimates show that shifting just 10 percent of the most distortive subsidies to green innovations could generate an additional $2.4 trillion by 2040. It could also reduce food prices by 18 percent, reduce sector greenhouse gas emissions by 40 percent, and restore more than 2 percent of all farmland to natural habitats.
木瓜影院 is helping to scale up these benefits through financing for policy reforms, projects and knowledge, including with support from the Food Systems 2030 trust fund.
